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Defined Benefit Plans
6 Months Ended
Jul. 01, 2015
Compensation and Retirement Disclosure [Abstract]  
Defined Benefit Plans
Defined Benefit Plans
 
The components of net periodic benefit cost were as follows:

 
Quarter Ended
 
Two Quarters Ended
 
July 1, 2015
 
June 25, 2014
 
July 1, 2015
 
June 25, 2014
 
(In thousands)
Pension Plan:
 
 
 
 
 
 
 
Service cost
$
95

 
$
95

 
$
190

 
$
190

Interest cost
746

 
771

 
1,492

 
1,550

Expected return on plan assets
(877
)
 
(988
)
 
(1,754
)
 
(1,977
)
Amortization of net loss
433

 
231

 
866

 
462

Net periodic benefit cost
$
397

 
$
109

 
$
794

 
$
225

 
 
 
 
 
 
 
 
Other Defined Benefit Plans:
 
 
 
 
 
 
 
Interest cost
$
27

 
$
31

 
$
54

 
$
62

Amortization of net loss
19

 
16

 
39

 
31

Settlement loss recognized

 
25

 

 
25

Net periodic benefit cost
$
46

 
$
72

 
$
93

 
$
118

 
During 2014, our Board of Directors approved the termination of the Advantica Pension Plan as of December 31, 2014. We currently expect that the termination of the plan will be completed by the end of fiscal 2015 or early 2016. Settlement gain or loss, if any, resulting from the termination will be recognized at that time. We will be required to make contributions to the qualified pension plan as a result of the termination, dependent upon market conditions and participant elections. We currently expect that these contributions will be between $6 million and $9 million.

We made no contributions to our qualified pension plan during the two quarters ended July 1, 2015. We made contributions of $1.3 million to our qualified pension plan during the two quarters ended June 25, 2014. We made contributions of $0.1 million and $0.2 million to our other defined benefit plans during the two quarters ended July 1, 2015 and June 25, 2014, respectively. We expect to contribute $0.1 million to our other defined benefit plans over the remainder of fiscal 2015.

Additional minimum pension liability of $24.5 million and $25.0 million is reported as a component of accumulated other comprehensive loss in the Condensed Consolidated Statement of Shareholders’ Equity as of July 1, 2015 and December 31, 2014, respectively.